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NSE Stock BALKRISHNA_BE Historical charts - Balkrishna Paper Mills L

Historical charts for Stock BALKRISHNA_BE - Share Balkrishna Paper Mills L trades in NSE

Moving Averages for

  • 5Day Average: 25.91
  • 12Day Average: 26.18
  • 20Day Average: 25.29
  • 50Day Average: 28.63
  • 100Day Average: 33.04
  • 150Day Average: 34.71

BALKRISHNA_BE Indicators & signals

Indicator MACD (12,26,9)

25.78, 26.31, -0.67
Indicator MACD is in negative zone

Indicator ADX (14)

19.51, 29.46, 43.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BALKRISHNA_BE are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri May 2024 23.35 23.35 to 23.35 -4.89% 0.48 times
09 Thu May 2024 24.55 24.55 to 24.55 -5.03% 0.38 times
08 Wed May 2024 25.85 25.85 to 25.85 -4.96% 0.29 times
07 Tue May 2024 27.20 27.20 to 27.20 -4.9% 0.23 times
06 Mon May 2024 28.60 27.60 to 29.75 -1.55% 1.16 times
03 Fri May 2024 29.05 28.50 to 29.95 1.4% 3.88 times
02 Thu May 2024 28.65 28.65 to 28.65 4.95% 0.88 times
30 Tue Apr 2024 27.30 27.30 to 27.30 5% 1.84 times
29 Mon Apr 2024 26.00 24.80 to 26.00 4.84% 1.11 times
26 Fri Apr 2024 24.80 24.40 to 24.80 1.85% 0.12 times
25 Thu Apr 2024 24.35 24.35 to 24.40 -0.2% 0.12 times
24 Wed Apr 2024 24.40 23.70 to 24.40 1.88% 0.16 times

Technical analysis forecast for BALKRISHNA_BE Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT BALKRISHNA_BE BALKRISHNA_BE at this time. Stock is falling and might fall more.

It appears as if BALKRISHNA_BE BALKRISHNA_BE gave a large move recently.

Stock of BALKRISHNA_BE (BALKRISHNA_BE) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of BALKRISHNA_BE is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if BALKRISHNA_BE stays below 24.1, but if it comes above 24.1, then a intra day buy could be more profitable.
If you take a sell trade below 24.1, then use 24.1 as stoploss and 21.9 as target. However if you take a buy trade in BALKRISHNA_BE, then use 24.1 as stoploss and 25.95 as target.

Tomorrow's movement Prediction of BALKRISHNA_BE is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 26.93

Munafa value: 40

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NSE Stock BALKRISHNA_BE Historical charts - Share Balkrishna Paper Mills L

 

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